- U.S Markets closed yet at another record high Yesterday.
- Dow futures are slightly positive currently.
- Asian Markets are higher.
- SGX Nifty is Trading near 15750.
- From Last 4 days , Markets have been going higher in the first half or opening with gap up.
- Yesterday too we had a small gap up but was heavily sold into through out the day.
- Yesterday was the 4th Consecutive day where markets closed lower
- FII's are on a selling spree and have sold more than 1000 crores on a daily basis since a week now.
- DII's keep supporting the market at lower levels.
- Our Market isn't bearish and is still Consolidating.
- Range now has been 15700 to 15900.
- This is the near term range and larger range is 15500 to 16000.
- Within this range Market is trading with some swings.
- Yesterday was one of the flat expirys ever.
- Bank Nifty traded in 200 point range whereas Nifty in 50 point range.
- Option sellers had a good day yesterday.
- As premiums are too low now this is reducing Volatility too.
- Option writers should also focus on Trading Intraday and not carry significant positions home.
- For this weekly expiry calls have been written aggressively.
- This week might also be a Consolidation.
- From the next week , Corporate results will start coming in and that can trigger some move.
- Nifty might Trade between 15680 to 15860 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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